Fully Equipped
For Sale
Contact for pricing
1508 W Algonquin Road, Palatine, IL 60067
The premises include a fully equipped kitchen within a full-service restaurant format.
Property Size2,000 SF
Days on Market142
Property Features for 1508 W Algonquin Road
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Equipment Included
Yes
Listing Agency:
7 Hill Real Estate
(773) 983-8552
Listed By:
Emin Tuluce · License #IL 471013284
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 29 at 8:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 7 Hill Real Estate
Investment Insights
Based on property information with market context.
This 2,000 SF restaurant in Harper Plaza includes a fully equipped commercial kitchen and a full-service operating format. The space is described as clean, organized, and maintained, with existing equipment and fixtures in place. The configuration may accommodate restaurant, pizzeria, donut shop, coffee shop, or catering kitchen concepts.
The property is located on Algonquin Road near Harper College in Palatine. Traffic counts are reported at 30,400 vehicles per day on Algonquin Road and 32,900 vehicles per day on Roselle Road. Harper College has almost 24,000 enrolled students, while the surrounding market includes Palatine, Schaumburg, and Hoffman Estates. The property is also positioned within the I-90 corridor and Harper Plaza, described as a newer commercial development with modern facilities.
The property is located on Algonquin Road near Harper College in Palatine. Traffic counts are reported at 30,400 vehicles per day on Algonquin Road and 32,900 vehicles per day on Roselle Road. Harper College has almost 24,000 enrolled students, while the surrounding market includes Palatine, Schaumburg, and Hoffman Estates. The property is also positioned within the I-90 corridor and Harper Plaza, described as a newer commercial development with modern facilities.
Key Highlights
- 2,000 SF full‑service restaurant with an equipped commercial kitchen
- Existing restaurant equipment and fixtures are included
- Located in Harper Plaza on Algonquin Road
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Dining 3%
BP
Shops & Services
24,055 visits/mo
0.2 miles
SUBWAY
Dining
673 visits/mo
0.4 miles
Demographics for 60067, IL
39,324
Population
16,039
Households
2.5
Avg Household Size
43
Median Age
59%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
3,025
Density / Sq Mi
$121,572
Median Household Income
$64,520
Median Earnings
$1,521
Median Rent
$427,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The premises include a fully equipped kitchen within a full-service restaurant format.
Where is this conventional restaurant located?
The property is located at 1508 W Algonquin Road Palatine, IL.
What are key features of this property?
This property features: 2,000 SF full‑service restaurant with an equipped commercial kitchen; Existing restaurant equipment and fixtures are included; Located in Harper Plaza on Algonquin Road
